South Korea to set up $7-billion aid package for chip industry

SEOUL, South Korea —

The $7.2-billion package could be created through "a new fund financed by private and public financial institutions", Choi told executives of domestic chip makers at a meeting on Friday according to the statement, with further details to be announced. Semiconductors are Seoul's leading export and hit $11.7 billion in March, their highest level in almost two years, accounting for a fifth of South Korea's total exports, according to figures released by the trade ministry.

Will the Clark International Airport manage to survive and thrive once the largest gateway in the Philippines located in nearby...

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Korea prepares support package worth over $7-B for chip industrySouth Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a 'war' in the semiconductor industry.
Source: gmanews - 🏆 11. / 68 Read more »